Actuarial Analyst
2 weeks ago
Who we are
Safrican is a respected life insurer with a footprint in South Africa and a subsidiary in Eswatini. Safrican has over 2 million principle lives covered and more than 7 million lives assured, The Company has grown from strength to strength since 2004. Job Purpose
To analyse company data to ensure financial stability of the company. The Actuarial Analyst analyses data for rate and reserve adequacy, develops various actuarial and statistical models, examines irregularities in data, develops pricing, performs competitive analysis and assists in the analysis of corporate loss reserves. Formal Qualifications
B.Sc/B.Com (Mathematics/Mathematical Statistics/Actuarial Science)
A minimum of 5 actuarial exams completed Working Requirements and Knowledge
A minimum of 2 years’ experience in an actuarial field within long-term insurance
Pricing or product development in long-term insurance
Investigations experience
Portfolio Analysis MS Office (advanced Excel knowledge), VBA and SQL IFRS17 knowledge or experience is advantageous Key Responsibilities
Developing and maintaining pricing models
Developing, maintaining and enhancement of risk products and policy terms
Quotes on new business and improved benefits
Reviewing rates on existing business
Monitoring of claims ratios and profitability of Safrican’s schemes
Assisting with performing the various experience investigations (including expense and mortality investigations)
Assisting with the development of the pricing bases for all risk products
Performing monthly valuation or reserving
Assisting with statutory reporting
Assisting with the IFRS17 implementation
Ad-hoc projects Behavioural Competencies, Skills and Attributes
Ability to work independently, work across teams and collaborate with various stakeholders Excellent analytical skills Good decision making and problem-solving skills Good communication skills Sound judgement
Time management skills with reliability in terms of adherence to deadlines Ability to work under pressure Accuracy and attention to detail Reliability in terms of adherence to deadlines Accurate and efficient Proactive and disciplined
Our commitment to transformation
Safrican is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa. Safrican Employment Equity plan and targets will be considered as part of the selection process.
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